Symantec has announced plans to acquire MessageLabs.
The deal is expected to complete for around £398m and Symantec plans to use the buy to strengthen and grow its software-as-a-service model by integrating MessageLabs' technology into its Symantec Protection Network Team.
John W. Thompson, chairman and chief executive at Symantec, said: “MessageLabs extends our investments in the SaaS segment and will allow us to offer our customers unprecedented choice from a single provider of message security solutions.”
Adrian Chamberlain, chief executive at MessageLabs, said: “Symantec and MessageLabs have a common belief in the benefits of in-the-cloud services and how they enable customers to be protected from threats and enforce policy.”
Symantec plans to use MessageLabs' 14 worldwide data centres and significant expertise in SaaS sales, operations and support as a platform to launch an international expansion of its combined range of services. The move follows the company's recent acquisition of PC Tools, and the deal is expected to be completed by the end of this year.